Virtu Financial LLC Makes New $228,000 Investment in Delek US Holdings, Inc. $DK

Key Points

• Virtu Financial LLC has invested approximately $228,000 in Delek US Holdings, purchasing 15,151 shares of the company during the first quarter.
• Delek US Holdings recently declared a quarterly dividend of $0.255 per share, which represents an annualized dividend yield of 4.7%.
• Despite reporting a revenue decrease of 16.4% year-over-year, the company exceeded analysts' earnings per share estimates by 36 cents, posting an EPS of ($0.56).

Virtu Financial LLC acquired a new stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,151 shares of the oil and gas company's stock, valued at approximately $228,000.

Several other large investors have also bought and sold shares of DK. Sterling Capital Management LLC boosted its stake in Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock valued at $28,000 after buying an additional 1,311 shares in the last quarter. CWM LLC boosted its stake in Delek US by 100.9% in the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock valued at $35,000 after buying an additional 1,164 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in Delek US in the first quarter valued at about $47,000. GAMMA Investing LLC boosted its stake in Delek US by 907.0% in the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock valued at $63,000 after buying an additional 3,746 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Delek US by 77.4% in the first quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company's stock valued at $110,000 after buying an additional 3,105 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on DK. Piper Sandler raised their price objective on Delek US from $17.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Scotiabank reaffirmed a "sector perform" rating and issued a $20.00 price objective (up from $14.00) on shares of Delek US in a research note on Friday, July 11th. Raymond James Financial lifted their price target on Delek US from $23.00 to $28.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their price target on Delek US from $11.00 to $15.00 and gave the company an "underweight" rating in a research note on Wednesday, June 11th. Finally, Citigroup reissued a "neutral" rating and set a $30.00 price target (up from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $20.35.

Delek US Trading Down 8.9%

Shares of DK traded down $2.2070 during mid-day trading on Thursday, reaching $22.5830. 5,216,546 shares of the company were exchanged, compared to its average volume of 1,945,101. Delek US Holdings, Inc. has a 52 week low of $11.02 and a 52 week high of $27.07. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80. The stock has a market capitalization of $1.36 billion, a PE ratio of -1.84 and a beta of 1.00. The business has a 50 day simple moving average of $22.69 and a two-hundred day simple moving average of $18.36.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.92) by $0.36. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same period last year, the company earned ($0.92) earnings per share. The firm's revenue was down 16.4% compared to the same quarter last year. On average, analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, August 11th. Delek US's payout ratio is presently -8.30%.

Delek US Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.